Carrie Iafrate and Dana Tell Appointed to Board of Directors


Credit Union Trust has appointed two new members to its Board of Directors. The appointments include:

• Carrie Iafrate, Executive Vice President, Members First Credit Union, headquartered in Midland
• Dana Tell, Executive, Corporate Holdings, Team One Credit Union, headquartered in Saginaw.

“These are two extremely engaged and well-respected representatives in their credit unions and in their Michigan regions, and we are excited to have them as advisors and partners” said Ron Lauren, Board Chair for Credit Union Trust. “They bring a strategic focus and valuable energy to our board that will serve Credit Union Trust very well.”

“I am honored to be joining fellow distinguished credit union owners and others on the Credit Union Trust Board,” said Iafrate. “This opportunity fits my love for the credit union movement and passion for strategic leadership. We have made history in Michigan; coming together to offer our members trust services within the family. I look forward to collaborating with my peers to drive the work of Credit Union Trust throughout our communities.”

“I am truly humbled and excited to join the board of Credit Union Trust Bank,” said Tell. “Credit Union Trust is well positioned to provide trust services throughout the state of Michigan with a team of experienced industry leaders and I look forward to being a part of this great organization.”

Iafrate and Tell replace the CEOs from their respective credit unions, who were part of the initial board formed in 2018 and helped launch Credit Union Trust.

Credit Union Trust is a limited purpose trust bank established in 2019 by seven Michigan credit unions to provide reasonable, reliable, and accessible trust and fiduciary services to a broader range of people—helping them protect assets, build desired legacies, and enjoy peace of mind.